Market updates on July 16
Welcome to Tuesday!
Japanese exports go down at a slower tempo in February
In February, Japan's exports slumped at a much slower tempo than in January, although dismal global demand as well as US-China trade clashes keep clouding the outlook.
In February, Japanese exports are anticipated to have dived by 0.9% from 2018, having decreased by 8.4% in January, which appears to be the greatest tumble for over two years.
However, imports went down at a steeper tempo of 5.8% last month having decreased by 0.6% in January.
However, Japan’s exports to Asia, in particular, shipments of IT-related stuff, are anticipated to have remained dismal.
The trade balance probably rebounded to a surplus of 310.2 billion yen from January’s deficit of 1.41 trillion yen.
Global trade has speeded down in the face of dismal European and Chinese economic surge and and as Beijing and Washington are still locked in a tit-for-tat tariff conflict that is taking a soaring toll on the Japanese export-reliant economy.
Trade data will be released by the Finance Ministry on Monday at 8:50 a.m. Japan time.
Additionally, Japan's core consumer price index, excluding volatile food costs, but including oil products, is expected to have leapt by 0.8% in February, demonstrating the same tempo as in January.
Energy bills probably backed core CPI, while gasoline prices and telecommunications put pressure.
As for core CPI, it will most probably remain lackluster for a while because tumbles in crude prices will start showing up and mobile carriers are anticipated to reduce phone charges.
On March 22 at 8:30 a.m. Tokyo time, the Internal Affairs Ministry is expected to uncover data on consumer prices.
Similar
5 important events this week will bring us!
Find out what is going to move the markets this week
Market updates on July 12
Friday is on!
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold ascends on Brexit jitters
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
Deposit with your local payment systems
